COMMERCIAL.

Dominion, Volume 2, Issue 453, 11 March 1909, Page 8

COMMERCIAL.

;; THE SHARE MARKET, y ' . \ Tho market-was very quiet yesterday, and no j business-was reported. Bank of-New Zealand , shares wero slightly easier, sellers being willing s to accept .£3 135.; National Banks, buyers £a 25.; National Mortgage, buyers .£2 45.; \\cl- . " lington /Crust and Loan,-buyers .£7 -ls : ; Wellington Deposit', sellers'9s. ;• New' Zealand Loan ' anil Mercantile, sollers 3s. 3d.; Wellington Gas (.£lO paid), buyers 17s. Gil., (new issue), 1 buyers 12s. Gd. premium; Gear Meat (XI paid), j buyers £2 10s.; Meat Export (,£2 12s. .Gd. paid), buyers £3 os. 6d., sellers, £3' Is. Gd.; Union 1 ; Steam,, buyers £1 14s. 9d:; Westport.l Coal,' : ■ bnyei-s .£6 25., sellers, £6 3s. 6d.; Westport- • Stockton, sellers 95.; D.I.C. (preference), buyers £\ Is. 6d.; Leyland-O'Brien Timber, sellers £1 2a. ; Od.; New Zealand Portland Cement, buyers ' £1 155.; New Zealand Paper Mills, sellers XI 25.; Taranaki Petroleum,- buyers 7s. 6d.,, sel- ■'■'■■ lers Bs. Gd.; Ward and Co.'(brewery shares), sellers 17s. 6d. : ■'.■'■ 'THE ..MINING MARKET. ' 1 -.■'■' Sales of Waihi at JtS, lGs. 9d. and £8 -175., , ; . Talismans at £2 55., 9d.,. and Komata Reefs at ' .Bd.- wero,.reported.-,' The quotations'were as nndor: — '- 'Buyers: Sellers. . Sales. X's: d. £s. d. £s. d. Talisman 1 2 5 3 2 6 0 2 5 9; Waihi •' Sl6 G "8 17 6 817 0 N.Z. Crown . .;.,,, -..,0 .4 .4 .■- - Komata Reefs ... —"00 7i 0-0 8 ; -Big River ... ... 114 0 117 0 . — . Blackwater ' ''' .':.. 1 0 0.;- — '' \ .TEE WOOL MARKET. Wool-growers will be delighted, with the .cable messages recording the opening of the W.091.-sales, ;- ■■ '•■ in Coleman Street. Brokers' private cables show that there was a largo attendance-with . brisk competition, and what is of more •import--' ance, there is a distinct advance, of 5 per cent. The groat strength exhibited by. the, market makes it probable that a further advance may take place before,the olose of:,tho.series. Money, •■' ' • i» cheap in London, a'ni;wppi is still -very.cheap,.; and as trade is steadily,improving the position of wool becomes relatively . secure. >' •. • • •'■ - v ri-: 1 ■■- —y-"' rThe Cilstoms revenue collected .at Welling-. ton yesterday amounted to' X 903 17s.'- 7d; .. • •• ~' IMPORTrMAEKETS.. . There is nothing of any importance/to record; setailers are buying:modorately;and cautiously, and merchant? are rather,ccouraging them in this 'attitude, as'lt makes for the safety ot both. Arrowroot—Doherty'si's.and; 3Jd. to 4d. . e ßlne-Reckitt's bf gißid:, : ;;square Tjd.; Col- . man's arid Kecu's, square and iju.; LinDire Gd. ' ~* "■■ Caridles-Tho Now Zealand Candlo Company's quotations, issued, December 19, are;— Premier- stearino and five' medal, 5Jd.; British sperm, French sperm, Uniwsal wax. Excelsior paraffine,,'6d.;Apttllo.sperm and \enus paraftine, Gid.; Venus' coloured fluted, 63d.; piano, bedroom, and carriage sorts, packed-in: cardboard boxes, 7Jd.; less the usual trade dis- ; counts. Price's London sporhY, 160z., 6jd.; 140z., 6jd.; Burma, 160z., 61d. ; „,. , Cornflour is meeting with fair sale. B. and P.,~s}d. to sid.; Johnson's, 25(1,; Browns, 3d.; Chicago, ;2jd. ' Evaporated apricots,V-apples,|;. and ; peaches 1 make from to Bd. per 1b.., " ■ Canned: fruits are- meeting wildi a fair• de--maud at : Bs. 6d. to 12s. fid. ~.:.. Cocoa—A steady, hand-to-month business is doing. -Van'Hontcn's, l's. 3s. 2d;;.?.'s,'Ss. 3d.'; - ' }'s, 3s. 4d. per lb.; Bensdorp's, l's; 255. lOd. ;■■s% ' ; .25.'11 d.; i's, 35.; Fry's, Is. 41d.; .25.'10 d.-. ' Proposed Cocoa Trust.—Some .interesting: par r , . ■•' ticulnrs of the proposed world's: cocod trust, I ' which has'as its object the control of .the price of 'the .commodity'r'&re gi.Ven irv'H repoiit:just; published by the American Consul at TSp-'do.-' Janeiro. The movement originated among producers of cocoa in Ecuador, San Thome,' San Domingo, and Trinidad, where action has already been taken to arrange .-national organisations for the' purpose of co-operation in tnV plan to control the price au. the. world's mar-, kets, and steps are being taken to form a similar association'in' Brazil'; upon which' country. as the largest, producer, the success of' the enterprise largely, depends.. :.The : chief cause of the movementseems.to haye'been the.extraor-. dinary fluctuition in the price of cocoa during- : recent years, and its present great depreciation;, , the quotation of 21 milreis, or abont 24.1,'f0r an arroba, or 321b., in 1907 being said to be as much in'.excessrof: a fair-price, asythe jjijesentf : value of: 9 milreis, or about:los.,'is below it; It is claimed that the present .low. price is due neither to a lack of deriiand nor overproduction, but to the actions of a group of speculators in Hamburg. Among other objects .'- 'the association 'has' in view'' the organisation - nf an agricultural credit system, which would free the :prodricer'from the necessity of-dispos-ing of his crop at ruinous prices, as at, present; . the. inauguration of an 'association of defence, including middlemen and producers of Bahia, and un agreement .with the analagous association in Portugal,' which is ready to enter into the .agreement. The report states that there seems to be no doubt that the organisation will be set-on .foot'.within ,aj very.'short; time.'-.• .'i ■ .Dried finest -provincials, 3d; per lb.; cleaned Amal.ias, 31H.J lib.,cartons, 3s. fid. per doz. Sultanas, selected 3\Ai, choice 4d., golden 4Jd. to 55d. per lb.; lib. cartons, 4s. r , Gd. per dozen. Dates,: 'bulk, 2{d...pcr lb. ;tcar--1 tons, 3s. Gd. per dozen. Figs, 12oz. glove boxes, Bs. 3d. per dozen. Figs, lib. layers, Aid.'; .Sib'. naturals, 3d. per lb. Seeded raisins are slightly lower, fancy lib. packets 4s:,'choice 3s;: 6d. per' dozen. Muscatels, Californian, s's boxes .6d.;. . . 10's 5!d., 20's 4Jd. per lb.; Malaga, Si's at lOd. . per lb. Mildura Fruit.—Latest advices. 'from Mel-' bourao are. to the effect that the weather conditions have been unfavourable, and it is now quite uncertain .whether, any Mildura fruit will , be available for, export, to New Zealand. Canned Fish.—The Lenten demand continues, and all classes of fish are selling freely. Herrings in tomato sauce, l's, 7s". to 7s. 6d.; '§'s, 4s. Gd. to 55.; kippered herrings, l's, 7s. Gd. to 7s. 9d.; }'s, 4s. Gd. to 55.; fresh herrings, l's, , 65..t0 6s. 6d.; lobster, C. and.B., Jib. tins, 14s. Gd. to 155.; salmon, salad, medium reds, lib.tails, Bs. 6d. to 95.; lib.";flats'; :9s;" to !9s. 6d.;' silver, Hb. flats, x ss.; Golden Link, Sockaye, lib. talis, 10s. Gd.; lib. flats, lis.; Southern.Cross, 6s. 6d.; Herririgiets, in oil, Senator-brand, Bs., to Bs. 6t1.; in tomato sauce, Bs'. to Bs. Gd.; , sardines, Skipper, }lb. tins, ss. to ss. 6d.; J's,' 9s. 9d. to 10s.; ,"King.-Edward,"'i's;\-4s.' Od. to 55.; i's, 83; Gd.' .-. ~. ,; ; -■';'■ ."■'•'■' , '; N Condensed Milk.—Highlander, 55.; Cowslip, is. Gd.; Swiss Milkmaid, 6s. 6d. to 6s. lid. per ; dozen. ■ 1 , ■', "' ■ .-'. Canned Meats.— tongues, 10s. 6d. to lis. ■ for l's; ox tongues,' 2i's, 31s. to 345.; 3's, 345. to 36s..per dozen; Gear's assorted, potted, '4s. 6d.; St. George's,..ss.. ■~' : , . Mustard.—Fair sales. Colman's D.S.F., \'s, . Is. 5Jd.--.to is;-fid.; i's.ls. 3Jd.to Is. 4d.; Durham, 71b. tins, 7d.',to 7sd. ', . '■' ;, Matches—Plaids, 1 3s. • Bd. to 3s; -9d/ -a"'gross; : penny slides, Bs.; 9d. .to 9s; 6d.; -safetiosj small, foreign, 3s. to 3s. 3d..; Bryant and May's, small,' 4s. 6d.;,large, -.7s>- ; 6d.'-'- L .- J .;.-:- "'' , NutmegSj Is. 6d;.,tp Is;. 9d.'per'lb... •.;■ • Peel.—Lemon, 7's, old.; oiange, 6d.; citron, ' Is. per lb. ' -' ;- •-; • ■ ■: Pickles.—Morton's hexagon 10s. Gd., round 12s. 6d.'per dozen; Captain White's, 235. 6d.; Garton's H,P.; J-pints, Us. 6d.; pints, 225. Gd.; pure pickles,. 9s. Gd. to 10s.', Rice.—No.-1, 165.; No. 2, 15s.'per cwt. Salt.—Fine, 71b, bags, ss. ,6d...t0 6s. 6d.; cwt. bags, 3s. Gd; to 45.; coarse,'in cwt. bags, 3s. to ■ Ss. Gd. per cwt., , '-..>• >.. Sauces.—L. and P., i-pints, 14s. to.. 14s. Gd.; .- pints, 255. to 255.. 6d.; • Jlolbrook's■' J-pmfs,o7s. 6d.; .pints, ids'. : -Bd.- to. ;: 10s. '9d.';':Gar,(:on;C J-,' 'pints, 7s. , .:6d:';'' pint¥, .'iOs." to", 10s, 'Gd.;' Eaglo. brand (N.Z.), }-pints, 2s;-9d. to 35.; pints, ss. 6d.-toGs.' ~.--.,'. Starch.—Colman's, lib! boxes,: 51d.: to' 53d.; 51b. packets, ;5d.. to', 5Jd.; New Zealand, lib. boxes, 38s. to 395. per cwt.; 51b.-packets,-375. to 38s. per cwt. Tapioca.—Seed, 14s. Gd.; pearl, 15s. 6d. per CWt. " ■ -.' ' ... :. . .... ' Sugar.—The'market with -a-'good demand. lA'ahd'No. 1, sG's,'Xl6 155.; No. 2, Xl 6 55.; No. 3,'.£15 ss. per ton.,, ;. ~ , - ~:. .. Vinegar.—Midland Red Hock, quarts, Bsi; Champion, quarts, os. Gd.;.Red Seal, quarts, 45.; Midland concentrated, Boz. bottles, 10s. 6d. per doz.; concentrated, sgal. casks, Bs. Gd. per gallon; pure malt, 28gal. casks, 2s. 6d. per gallon. Chemicals.—Cream of tartar, 95, per cent., 9d. to 9Jd., 99 per cent. 0U1."to'10d.; tartaric acid t ' Is.'3d. per lb.; soda crystals, £h 10s.;,bicarbon-. ate of soda, XlO 10s.; calcium carbide,''Xls to £VS; bluestone, X 32 10s.; whiting, £i 15s. Tea.—A further slight advance has been registered in Ceylon teas, and the Colombo inackefc is reported very firm. . - .'' Jute Goods. —Shipments of wpolpacks, . corhsacks, bran bags, and ore pockets,' from Calcutta, during 1908 are summarised,as follow':—. Wool- Corn- Bran Ore packs, sacks. Bags. Pkts. ' . To— Bales.' Bales. (Bales. Bales. Melbourne ... 7,880 36,520 ■- G. 779; ,3,419 Svdney ... 21,528 21,319 5,38G IGG Adelaide ... 4.29G 19,013 '4.875 ,10 Asst.,other.' ... "2,0(5 ■ 14.730;., 2,871 , 342 New Zealand...; '. 10,G!)G.' • 19,780' - .' 491 v 46.415 IU-,3GS 19,911 '■' 4,431 The shipments to Australia and New Zealand during 1907 consisted of 49,006 bales, woolpacks,

82,861 bales cornsacks, 17,954 bales bran bags, and 3745 balos ore pockets. The shipments of comsacks during 1008 wero partly old standard and partly new standard. The destinations shown are according to the original Calcutta arrangements, but thoy do. not necessarily represent the actual quantities landed at tho various ports, especially in the case of cornsacks, diversions of which were substantial.

SUPPLEMENTARY WOOL SALES. ' The supplementary March wool sales commence at 2 p.m. to-morrow, at Messrs. Levm and Co.'s Wellington store. The various catalogues are as follow:—Dalgety and Co., 9ao bales; New Zealand Loan and .Mercantile Agency Co., 400 bales; Levin and Co., 300 bales; Abraham and Williams, 100 bales.

WELLINGTON 'MARKET REPORT. j Laery and Co., Ltd, Wellington, report s wholesale prices ruling on the market:— 1 Wheat, fowl 4s. Gd. to 4s'. • Dd.; oats, 2s. Id. to 2s. Gd.; dun oats 2s. Id. to 2s. 3d.; seed oats ■ - 2s. • 9d. to 2s. lOd.; imported Algeriaj-' seed oats 25.! Gd.; maize, ss. to ss. 3d.; crushed malt, Bs. 9d.; fowl T>ar- j lev, 35.: horse beans, 4s. Bd., all at per bushel; • ricomeal, £a to £5 55.; flour, N.Z., £11 10s., Australian .£11; bran, £i . 15s. to .£5; pearl barley, Mi; peas, partridge +s. 9d., Prussian blue Gs., fowl peas 4s. 3d., split AlB 1 10s.; bonedust, ..£6; superphosphates, .£5 to • £i 55.; guano! M 10s.; chaff (oatensheaf), £3 ' 10s. to £i ; oatmeal, JCIO 10s. to .£lO 155.; new ] potatoes, i3.to £i 10s.; onions, £61 molasses lodder, £5 10s.-, bacon, factory, sides <Jd., hams 7id„ rolls Bd.; prime bull: butter, Bid. Poultry: I Hens. 3s„ ducks 4s. to ss.;' turkeys, gobblers lis. , to 125., hens 95..t0 10s.; fresh eggs, is. sd. to . is. Od. per dozen; cheese, .6(1. to Gid. per lb., , loaf 7d. per lb., Akaroa machine-dressed cocks- ] foot 9d., farmers' dressed Gd. to 7d. per lb.; , ryegrass 35..-3d..:t0'.45. Gd. per bushel; Italian ryegrass, 3s: fid. to is.-bushel; white clover, 70s. to 755. cwt.; red clover, Gss. cwt.; cow grass, ®>s.-'c\t£/l alsiko;.B2s. Gd. cwt.; mustard, 40s. ■ cwt.; trefoil, 375. Gd. per cwt.; rapo seed, 265.- | cwt.; timothy, 325. Od. cwt.; swede and turnip • seed 60s. cwt; crested dogstail,' Is. 3d. lb.; J .danthonia, Is. 4d. '■ ; " : ' ' : ' LIVE' STOCK SALES.. ■ Messrs. Dalgety and Co., Ltd, report, having held -their fortnightly sale at their Waipoua , Yards on Wednesday. All classes of stock came forward'well' above • advertised .numbers, and the yards wero taxed to their utmost to hold We"entry.''' l ''Ari classes of sheep wero well competed for, especially good* classes of ewes, wethers, and lambs, and we can report practically a total clearance under the hammer. There was a.very big entry of rams; which also drew'good competition, and our entries were all sold.-. We. also had a particularly good entrytofvcattU; of all .ages .and, although at { auction '■ buyers were rather backward, we effected 7a -. total clearance. Our yarding comprised '7000 : sheep','and.3B6 cattlo. We quote:On account p£ Njtz 8r05.,-'853 i and 5-year ewes, 13s. Id'.;'.on account of a client, Gil 4 and 5vear : iwes, lfe.; On account of other clients, «■ 'tootn' v ewes" (small ),:. 10s.' 9d.; '4-tooth ewes, 14s. 2d-.yfcfeotnWes, 135.; 4, 6 and ,8-tooth ewes, i2s'' , 6tli ; >to'i3s.' '6d!;' 'fresh' full-mouth enes, 135';'...£0-ifis: ,; Sd."':;;fuU'.iand failing-mouth ewes, •8s.;;Gd; ; :to I,os. ,6d;; 2-topth wethers 10s -lOd. to ■lls;'3d.Vlambs; .7s:'lod. to 85...9 d.. Cattle: 3i to 4-year 'Poled Apgu's ;.steers, £&.&$.; .-31-year Shorthorn steers.. £!> 7s. 5ri.;..3-year steers, £5; 25-year steer's, 'M ; fat cows, £3 ss. to .£4 10s.; empty heifers,' .£2 10s. to .£3; yearling heifers, 30s, to 355.; yearling steers, 30s. to, 405.; calves, lis.; forward cows, 305.. to 455. Hams were keenly• computed■ for. 'We quote:-Lmcolns, 1* to 31 guineas (according to ages); Southdowns; - to'.-6 guineas; Shropshios, 2J to 31 guineas; Rdmneys; H '.to 31 guineas (according to age). Messrs. Dalgety and Co., Ltd., report having held a sale at P. Mungavin's yard, Pomua, on°Tues'dav, when 3800 sheep were yardeU Practically ■everything was sold under the hammer, but owing to-the prevailing dry weather; prices wore somewhat easier.-'The following wore the prices realised r-Wethers, from Gs. lOd. to 9s. 10d.; aged ewes, from 3s. 2d. 'to Bs.; cull lambs, 35.'6 d.. . ■■•■ ;-•■'. •: ■' ■■'. .'Messrs. Dalgety and Co. report on their Wanganui sale held yesterday as fol ows:-3800 '•Brleep and 330 cattle were yarded: -The demand was very quiet all round..especially for cattle. Quotations :-Two ■ and 4-tooth wethers, Bs. 4d. 'to;Bs.. 6d.;.2 and 4-tooth ewes, 9s. to -9s. 6d.; 'f.m*,. ewes, 7s, Id,; cull.ewes, Is. to 2s. 3d.; forward ewes; 9s:; cull lambs, Is. to 3s. j small mixed 2-tooths, ss. 9d.; 18-months heifers, 315.; vearline-r.-heifers, .205.; -.mixed weaners, 17s.'; mixedlUihontfe cattle, '30s. Gd.; fat • heifers (small),. JC3. 35.; springers, £i 45.; bulls, £2. ]: ■ '•' 'BROKERS* PRIVATE CABLES. . 'The New Zealand 'Loan : 'and' •Mercantile A»ency Company, Ltd., have received the fol- . lowing' cablegram from their London House, dated March 9:—There was a full attendance at the'opening'o'f the's'ales to-daj 1 ; competition'by. Home, Continental, and American buyers being spirited, and prices, as compared with tlm close of preceding series, ruled about 5 per 'cent, higher. The opening catalogues were fairly representative. .''."'' ..",. ALDINGTON STOCK MARKETS. ." ''CBI'wLSaRAHI—TRUSS ASSOCIATION.! '~■ . •;, - . Christchurch, MaTch 10. At Addihgton yards to-day there were large entries of. stock and a good attendance. Prices generally showed a decline, beef being lower on account of.-.a very large yarding of store cattle. Sheep were easier all round by about Is. per head, and fat lambs showed a reduction of fully Od. per head. Fat sheep declined 6d. to Is. per head, and store cattle were dull 'of sale, but dairy r cows were in good demand. The yarding of store sheep 'was the largest this season, but the quality showed a marked fall-ing-off as compared with earlier sales, many of the lots having, been brought .from a distance, and showing the usual signs of travel. Young breeding ewos sold relatively better than other classes, but even for these prices were easier.. The yarding of fat lambs was,the largest for this season, about GSOO head being penned, and' a large, proportion-of these were heavvwoights, the general quality'being exceptionally good. .Competition from exporters was not very keen, and buyers were very cautious in not exceeding ..their;limits, and no exceptional prices were given even for' butchers' lambs. About 5000 . lambs Were taken for export at lis. to 14s. Gd., 500 by butchers at. 13s. 3d. to 155., and 1000 ; were passed "in, "most to go to the factory, on owners' account. The yarding of fat sheep was smaller than last week,. but there was quite, sufficient for butchers' requirements, and there, was a. further fall in prices. M'ethers maintained their values better than ewes, but thoy were down Gd. on the week,- while ewes declined, as -much as Is., and in some cases, more.. The range, of prices was as follows:— 1 Prime wethers, 14s. 6d. to 16s. 9d.; extra, to 17s.''5d.';.lighter,. 12s. ,9d. to 145.; prime ewes, ~ Us.. 6d. .to 12s. "9d.';jothers, 6s. to lis. The entry.of fat,,cattle totalled 329 head, a . large proportion being again cows and heifers. The bidding was not so brisk in consequence of a larger yarding,, and.-prices were rather ' easier. ; Steers made r ',£s 7s. 6d. to' £1 017s. 6d.; heifers, £i 15s. to 6d.; cows, .£4 to .£7 7s. to 21s. tot io 225. 6d. for bestj medium, 18s. Gd. to 215.; and cow and inferior, 165., 6d. to 18s. per 1001b. There was a good yarding of store cattle, both in numbers and quality, but the demand was poor, and most of the lots were passed. A lino of 50 three •and-four-year, steers was sold privately at ~£7. Dairy cows wero in brisk demand, prices ranging froih..£3 105..t0 ..£lO ss. ' ... The.yarding of pigs was a fairly large one, . .'arid, all'classes, showed-a decline, especially fat • sorts, "'.which were down about 10s. per head : from last week. Choppers made .£3 155.; large .liaconers; 60s; to 605.; lighter, 4Ss. to 555.— equal to 41d. per lb.; large porkers, 425. to 485.-;:: smaller, 325. to 40s—equal to Sid. per lb.; large stores, 3Ss. to 405.; medium,'27s. to 235.; weaners; 14s. .6d. to 21s. '

I-'/;' a ..:SURNSIBE STOCK MARKET. '•

; - ."(BIT TEUHKAI'H-j-rltlSS ASSOCIATION.! . . ~-.,. -.., ' Dunedin, March 10. '"'At-'Blirns'inV.stock sales • 2330 sheep, wore yarded, a.number:much in excoss of requirements. The'entry was made up chiefly of ', medium and inferior quality ewes, which wero slow of sale even at prices from 2s. to, 2s. 6d. under those obtained last week. Medium wethers suffered to the Dxtenhofi.ls-.6d. to 2s. '. per head. Best wethers and owes were in short ; supply, and wero-.keenly competed for, selling ,' at prices slightly easier than last,week's. About COO sheep were passed in-unsold. 'Quotations:— Best wethers, 15s. Gd. to 175.; extra, 17s. fid. to 10s.; 'medium, 13s. Gd. to lis. od.; light and in- ■ ferior,. lis. to 1.15.; best ewes, Jls. fid. to 135.; extra. 15s. to 175.; 'medium, 7s. Gd. to os.; ; light and inferior, 4s. to ss. Lambs: 18ui. ': yarded, ah exceptionally big yarding, the qua- ' lity being good. Prices wero a shade easier. -Quotations:—Best' lambs, 12s. to 135.; medium, lis. to 12s. 9d.; light and inferior, Bs. 6d. to ' 10s.' Pigs: 120 yarded. There was a fair'yard- | ing of small pigs. The fine harvesting weather ; kept many buyers from attending, and tho sale ) was consequently dull, prices going down.- Fat > pigs mot. with a brisk sale,'and prices in this I line were a little firmer. Quotations:—Suckers, . 10s. to 125.; slips, 14s. to 19s.;,stores, 19s. to [ 285.; porkers, 355. to 405.; light baconers, 455. to 555.; heavy, 58s. to COs. Cattle: Owing to | over-supply prices receded to the extent of 10s. , to 15s. per head.